Costs and Insurance - Step 1 of 2
You will pay salaries, holiday pay and social security contributions for each employee. Our salary calculator helps you calculate how much an employee costs in total. Keep in mind that the calculator provides an approximate task.
As an employer, you should take out insurance for your employees. In this example, we have calculated that you take out a voluntary insurance for workers in Fora.
If you run a sole proprietorship, limited liability company or trading company and meet certain conditions, you can receive lower employer contributions for your first employee. It is a temporary reduction in employer contributions.
Costs and Insurance - Step 2 of 2
|Total salary and tax||
|Average monthly cost||
Den anställda har rätt till semesterlön, som normalt betalas ut nästföljande år. Det är en kostnad för företaget, och ska vara med i kalkylen. Semesterlönen beräknas till 12% av lönen.
The annual salary for worked time (which does not include the holiday) is the monthly salary x 11 months.
Holiday pay is not holiday pay based, that is, you do not include last year’s holiday pay when you calculate new holiday pay. Therefore, the basis is 11 months’ salary. The percentage according to the Holidays Act is 12%.
When you calculate the holiday pay, you therefore calculate:
monthly salary x 11 (months) x 0.12 (12%).
Many collective agreements have a slightly different holiday pay calculation, but it does not differ much.
(Salary + holiday pay) x the current percentage of employer contributions.
In this tool, we have taken into account the current percentages of employer contributions. Employer contributions are different depending on the age of the employee.
For those born after 1952, the employer contributions are 31.42% (10.21% with growth support).
For those born in 1938-1952, the employer contributions are 16.36% (10.21% with growth support).
For those born in 1937 and earlier, you only pay a special payroll tax of 6.15% (0% with grow support).
For those who have reached the age of 15 but not yet 18 and who earn SEK 25,000 a month or less, you only pay the retirement pension of 10.21%.
If you run a sole proprietorship and meet certain conditions, you can receive lower employer contributions for your first employee. It is a temporary reduction in employer contributions that applies from 2017 until the end of 2021.
|Special payroll tax||
|Total insurance and payroll tax||
|Average monthly insurance cost||
The total insurance cost is calculated on a standard basis at 5% of the total salary sum. A special payroll tax must be paid on the part of the insurance that constitutes pensions. For salaried employees, this means that approximately 4.7% of the total salary amount will be the basis for the special payroll tax and approximately 4.5% for workers. Special payroll tax on pension contribution (SLP) is 24.26%.
The insurance cost normally includes the following contract insurance:
Pension insurance (Contract pension / ITP)
including premium-free insurance
Life insurance (TGL)
Occupational Injuries Insurance (TFA)
Health Insurance (AGS)
Adjustment insurance (AGB / AGE)
Parental benefit supplement (FPT)
For both workers and salaried employees, the insurance cost is within different ranges depending on the size of the salary. For employees with a monthly salary of approximately SEK 39,100, the premium for the excess part is approximately 31%.
Keep in mind that the percentage that the tool calculates is approximate and does not take into account salaries over SEK 39,100.
The calculation does not give an exact cost, but is a clue. The tool does not take into account the employee’s age or fixed fees that are included in collective agreements. These factors can affect your overall insurance cost.
Contact your employer or industry association for more information about your collective agreement.
Special payroll tax
Special payroll tax on pension contributions (SLP) is around 25 percent and is calculated on the part of the insurance cost that constitutes pensions. For salaried employees, this means about 4.7 percent of the insurance cost and for workers, it means about 4.5 percent of the insurance cost.
|Total estimated costs including insurance||